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Dro
I am currently on a dmp paying £650 a month , did owe £36000 , no owe £22000 been on plan 30 months , been off work recently struggling to pay my monthly amount , I do not own my home I have no assets I have a car worth £200 , do I have a chance of having a debt relief order accepted
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Deductions
I have roughly £5,600 in debt store card , phonebill,utilities things like that. I sorted out and got agreed an IVA which was set at a reasonable amount. Due too financial issues I’m now in arrears and there saying IVA will be terminated and the creditors will take it from my benefits!! Are they allowed too do this?
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Dro
Hi I was wondering if anyone can help. I have been accepted for a dro a week ago now. I’m just getting a bit anxious as too if any of my creditors object to it. I stopped paying a debt about a year ago and it was sold to cabhot who I haven’t made a payment too. But then took out a loan after that which I made about 4…
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Barclays won’t update file after DRO
Hi, I’m after some advice, my DRO ended March 2021 and all my other creditors have updated my credit file to reflect my DRO for the DRO date however Barclays won’t. I’ve sent them all paperwork from the DRO and all copies, I’ve sent a copy of my credit file showing that it’s discharged and all done. They keep asking for a…
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Best IVA company to use
Can anyone recommend an IVA company. I have £25k of debt and really need some help. I'm not a homeowner.
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2 Debts with 1 company
I entered an IVA in 2019. Southern Water were included. I have been receiving letters from UK Search Ltd saying I owe Southern Water money. I advised I am in an IVA and Southern Water are on it. They closed the case. I've now started receiving letters again and when I've questioned why, they said that I have 2 debts with…
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IVA Completion certificate came today
So a few months ago I decided to go for a sprout loan to pay off my IVA as for me it was the best thing to do. I can now do overtime at work and receive bonuses without having to give anything to my IP. So just have to wait a few weeks for the insolvency register to update. My question - do my details actually get removed…
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Iva
Hi have been in Iva for about 7 months now and have to pay back 10000 I have sold my house now so going to pay back the full amount owed to my creditors which is 65000 is it best to let the Iva company deal with this
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IVA not off credit record
Hello Just after some advice I had an IVA in 2015 and it was settled in 2020 and I received the final settlement certificate. I have only just discovered after looking at my Experian credit score account that the IVA is still showing on my account I was under the impression that after 6 years this would be removed…
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Mortgage after an IVA?
I got an IVA just over a year ago that I've never defaulted on. I don't have any other debts and my bills are always paid on time. My Dad has recently passed away and I will be in a position to pay the IVA in full, not a settlement but the full amount of the debt as well as all the fees. The IVA was for 2 debts, 1 loan and…
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Reduced income
I have had a change in circumstances recently and my working hours have been reduced which will affect my ability to pay both a secured loan and IVA payments each month, one will have to go on hold. This will only be for a relatively short period hopefully, which payment is best to try and ask for a short payment break on?
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IVA contributions gone up unreasonably!
HI I have an IVA taken out in November 2018. Initially my monthly payments were £85. The monthly payment increased to £182 in January last year, then to £392 without sufficient warning; after the most recent annual review (Nov) payment have now increased to £505 per month. I did challenge this, but they argued back and…
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Bank account
Hi everyone I’m applying for a dro, and very worried about my bank ( Halifax) I really don’t want to loose my account and need one for my benefits to go in, I’ve been told different things from it will be fine to no we will have to close it, I owe Halifax absolute nothing and don’t have an overdraft so not sure why I can’t…
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Remortgage for IVA
Hi can anyone help please Next year is our 5th year into our IVA so I know they will ask us to try and remortgage, We really don't want to and would prefer the extra year of payments What are the chances of us being accepted, we will be about 9 years away from finishing our mortgage and would owe around £40.000 on it so…
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IVA Company Help
Having researched our options, we have decided that IVA is the right route for us & have been advised the same by Stepchange. However, we thought that Stepchange would deal with our IVA in-house, but when the advisor said she would arrange an appointment with the IVA team, that turned out to be Creditfix, who we are due to…
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During and end of DRO
I am in the process of removing my head out of the sand regarding my debt. I have searched forums and internet for people's personal experiences of a DRO. Can anyone tell me what checks the IV service did during and at end of their DRO and if you were required to show bank statements or payslips after the DRO was issued. I…
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Wife’s IVA expiring
Hi guys my wife has an IVA which ends on 20th Feb according to the Insolvency register. A few weeks ago she received her annual income and expenditure questionnaire. Which she returned, nothing had changed since the previous years I&E It’s getting increasingly close to the end date of the IVA, but she’s worrying because…
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NatWest Current Account post-IVA closure
A brief overview.... entered in to IVA in September 2017, got discharged in October last year after a F&F settlement was accepted. NatWest put my 2 current accounts in to a 'Foundation Account' from their standard and Advantage Gold accounts - which I was aware that they would, however, I have recently just requested to…
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IVA or Secured Loan Help
Hello, I am new to the forum and looking for some advice from people who have been in a similar position. After a prolonged period of severe illness, we have found ourselves unable to carry on paying off our credit card debt. We have never missed a payment, but it is spiralling out of control and we have to stop burying…
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Job application asking if been declared bankrupt?
I am in the middle of applying for a position with my local police force and on the application it's asking if I've ever been bankrupt. When I have applied for previous positions there, I've always selected No. I emailed the Recruitment team/HR to ask that should I put Yes to that question as I am in an IVA, and they…
